MUFG seeks model change in quest for growth

MUFG_PA_575x375_26November2020
By David Rothnie
26 Nov 2020

MUFG is overhauling personnel and its business model to try to escape a cycle of low returns, writes David Rothnie.

In a prolonged era of low interest rates and sluggish domestic growth, Japan’s banks have long pinned their expansion hopes on the development of their international business. And at MUFG, Masato Miyachi is under no illusions about the scale of the challenge facing his bank: “We are far ...

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